Thurston Springer Miller Herd & Titak Inc. Boosts Position in NXP Semiconductors (NASDAQ:NXPI)

Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 19.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,484 shares of the semiconductor provider’s stock after acquiring an additional 240 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in NXP Semiconductors were worth $309,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NXPI. Assenagon Asset Management S.A. lifted its position in NXP Semiconductors by 1,172.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock valued at $115,396,000 after purchasing an additional 511,553 shares during the period. Board of the Pension Protection Fund purchased a new position in shares of NXP Semiconductors during the 4th quarter valued at about $436,000. Fifth Third Wealth Advisors LLC lifted its holdings in shares of NXP Semiconductors by 32.7% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,563 shares of the semiconductor provider’s stock valued at $533,000 after buying an additional 631 shares during the period. CCLA Investment Management boosted its stake in shares of NXP Semiconductors by 21.1% in the fourth quarter. CCLA Investment Management now owns 538,965 shares of the semiconductor provider’s stock worth $112,023,000 after buying an additional 94,030 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its holdings in NXP Semiconductors by 24.7% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,896 shares of the semiconductor provider’s stock worth $394,000 after acquiring an additional 375 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NXPI shares. Loop Capital initiated coverage on NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price target for the company. Truist Financial lowered their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and cut their price objective for the company from $260.00 to $257.00 in a report on Friday, January 10th. Barclays lowered their target price on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, TD Cowen cut their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $273.19.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $210.76 on Friday. The stock has a market capitalization of $53.57 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47. NXP Semiconductors has a 52 week low of $201.58 and a 52 week high of $296.08. The firm has a 50-day simple moving average of $218.39 and a 200-day simple moving average of $236.92. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the company posted $3.31 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were paid a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.92%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.74%.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.